The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-09-21
Net Declines for the Day in Many Casa Equal
toa Whole Wssk's Drop.
Very Little Nsws Rscsivsd That Gould b
Used by Either Bulls or Bears.
A Final Drive in the Lust Hour Makes tho
Market Ysld Mors Rapidly.
The u ost Important Declines-BO1ds of all
Kinds Dull-The Produce Market
The Local Quotations.

NEW YORK, September Le-Money on call
easy, ranging from to per cent, last loan
at per cent. and closing offered ct per
cent. Prime mercantile paper, to per
cent. Sterling exchange quiet but steady
At 81 500 for sixty days and 81 si1z for demand.
The total sales of stocks to-day were $50, S59
shares including the following: Delaware,
Iackawanna & Western, 22,S90; Erie, To-
500; Lake Shore, 1920; Louisville & Nashville
12235; Missouri Pacific, 1891; Northwestern,
o1So; New Jersey Central 425; Northern Pacific
preferred, SIPS; Oregon Trans Continental, A.
735; Pacific Mail, 6,6O5; Reading, s1.7O0; st.
Paul, 2, 9S5; St. Paul and Omaha, 1920; Texas
Pacific, 5.s55; Union Pacific, 9.7s5; Western IN
ion, e.S25.
NEW YORK, September 19-The new week at
the stock exchange opened with fairly active
but decidedly weak market, and the net de-
clines for the day were in many cases as large as
for the entire week past. There was dearth Of
news-to effect values, the advices that some of
the mine owners had refused TO treat with their
men and the report Of the St. Paul showing an
other decrease in earnings being the principal
items. The uneasiness resulting from the fear
of light money, however, was worked by the
bears throughout the day, and Notwithstanding
the fact that money was plentiful on call at 596
per cent, the sentiment above referred to in
dueed free selling of long stock, and the traders
improved the opportunity to hammer pric es all
along the line. The pressure Was almost con-
tinuous throughous the day, and no reaction
worthy Of the name occurred while thei coal
stocks, graLgers. Northern Paciics and West
Union were paid special attention at different
times. Richmond and westpoint was remarka-
bly, weak in the last hour, and Hooking Valley
Of .,
ed, aud several other speeialties made
equally large drops. The opening was
weak at declines from Saturdays final figures,
which ranged up 10 IL per cent. the latter in
Northern Pacific preferred. There was no halt
in the downward movement, however aud fur
Their losses from j to IL per cent. were made
during the first hour, but when the decline was
checked prices remained stagnsnt and before
noon another decline OF from "A TO rs per cent
was brought about After that time there was
some little improvement in figures, but n OF 1
per cent was extent of the gains recorded, and
before delivery hour these were again wiped
out. final drive was made against the list in
the last hour and the market yielded even more
rapidly than before. The lowest figures were
made at the close which was fairly active and
weak. Everything is lower, and the most
important declines comprise Northern Pacific
preferred. ga; Richmond & West Point S5s;
Texas Pacific, 81; Omaha, S1s; Western Uuion.
rs; Colorado Coal, 20; Lake Erie & Western
preferred and Michigan Central, ~; Missouri
Pacific and Wheeling q Lake Erie, ~: New
England, ~. Railroad bonds were duh. Sales,
s777Oo0. Chesapeake & Ohio, series A, lost to
1887; Hooking Valley IS, to 81, the 6s 2 to &C.:
New York, Lsckwana & Western irsts, 81 to
los. ct Werth Il Denver irsts 3to 81. Kansas a
Texas Is, ~ to $50; Oregon IS, 2 to 80; Texas
Pacific income receipts. TO As; Iron Mountain
SIS, % to 81 l., B. & W. income receipts, Ito %
Government bonds were dull and heavy. State
bonds were dull and without feature,